3, WALLACE CLOSE, DEREHAM, NR19 2XR - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 WALLACE CLOSE is a large extended detached house of 127m², built sometime between 1991 and 1995, which could now be worth an estimated £323,174. It was last sold for £265,000 in September 2018, which was around 12% below the average September 2018 detached price in the Breckland local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

3 WALLACE CLOSE Sold Prices

Land registry data shows three sales for 3 WALLACE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Two of the three 3 WALLACE CLOSE sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 28 SEP	£265,000	£302,220	12% below HPI
2004 25 AUG	£199,995	£194,551	3% above HPI
1999 16 NOV	£87,995	£94,295	7% below HPI

3 WALLACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three 3 WALLACE CLOSE sales between November 1999 and September 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2004 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 WALLACE CLOSE be worth now?

3 WALLACE CLOSE might now be worth an estimated £323,174.

This is based on house price inflation of 22%, between September 2018 and July 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22% inflationary increase is applied to the most recent sale price for 3 WALLACE CLOSE of £265,000 on 28th September 2018. For the value to have increased from £265,000 to £323,174 over the seven years and two months to July 2025, the following assumptions must hold true:

• The value of 3 WALLACE CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The September 2018 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WALLACE CLOSE has not materially changed since September 2018.

How Large is 3 WALLACE CLOSE?

3 WALLACE CLOSE is 127m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 40% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where 3 WALLACE CLOSE lies on this distribution: 66% of detached houses houses are smaller than 3 WALLACE CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Dereham.

3 WALLACE CLOSE: Plot and Title Map

3 WALLACE CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 3 WALLACE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 WALLACE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 WALLACE CLOSE?

3 WALLACE CLOSE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 3 on WALLACE CLOSE.